Ratepayers are being asked to underwrite about $40
million to cover the cost of redeveloping Eden Park which is
being revamped for the 2011 rugby World Cup.
Radio New Zealand reported today that the Government has
refused to increase its contribution of $190m from the
Government, and has asked councils to cover funding gaps
while commercial sponsorship was sought.
Funding for the stadium has been a sticking point for
Auckland City Council, which has in the past insisted it
won't contribute cash for the project.
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